Bahrain: Bahrain’s parliament will discuss a new draft law to regulate public debt at its weekly meeting today, said a report in our sister paper Akhbar Al Khaleej.
The draft law focuses on six key objectives for managing public debt, which includes funding the state budget and subsiding priority projects.
It also states that public debt instruments could be traded on Bahrain Bourse.
The draft law also suggests that the outstanding public debt must not exceed, at any time, 60 per cent of the gross domestic product (GDP) at the current prices of the latest year for which data is available.
In case the outstanding balance exceeds 40pc of the GDP, the government must take action to prevent the debt from reaching 60pc within a period of time to be defined by the government.
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